FIELD GATES, TOWN CLOSE ROAD, NORWICH, NR2 2NB - £1,000,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

FIELD GATES is a very large detached house of 215m², built sometime between 1950 and 1966, which could now be worth an estimated £1,184,411. It was last sold for £1,000,000 in February 2018, which was around 162% above the average February 2018 detached price in the Norwich local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was C.

FIELD GATES Sold Prices

Land registry data shows two sales for FIELD GATES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Both of the two FIELD GATES sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 8 FEB	£1,000,000	£380,970	162% above HPI
2013 23 AUG	£859,000	£282,684	204% above HPI

FIELD GATES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two FIELD GATES sales from August 2013 and February 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2013 sale was for 204% above the HPI. So the extrapolation line tracks at 204% above the HPI over time, until the February 2018 sale, where it falls to 162% above the HPI. The line then continues to track at 162% above the HPI.

What might FIELD GATES be worth now?

FIELD GATES might now be worth an estimated £1,184,411.

This is based on house price inflation of 18.4%, between February 2018 and October 2025, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.4% inflationary increase is applied to the most recent sale price for FIELD GATES of £1,000,000 on 8th February 2018. For the value to have increased from £1,000,000 to £1,184,411 over the six years and four months to October 2025, the following assumptions must hold true:

• The value of FIELD GATES has moved in line with the HPI for detached houses in the Norwich local authority area.
• The February 2018 sale price of £1,000,000 represented a fair market value for the property.
• The size, condition, and specification of FIELD GATES has not materially changed since February 2018.

How Large is FIELD GATES?

FIELD GATES is 215m² according to the EPC inspection conducted in April 2013. This puts it in the largest 10% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where FIELD GATES lies on this distribution: 96% of detached houses houses are smaller than FIELD GATES, and 4% of houses are larger. Note that EPC data is not available for all properties in Norwich.

FIELD GATES: Plot and Title Map

FIELD GATES sits on a plot of roughly 0.446 of an acre, or 1,804m². The below map shows the location of FIELD GATES, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of FIELD GATES). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is FIELD GATES?

FIELD GATES is located on TOWN CLOSE ROAD in NORWICH, in the NR2 postcode district. The below map shows the position of FIELD GATES on TOWN CLOSE ROAD.